Zhi Tong Cai Jing·2025-10-10 03:33Core Viewpoint - Alibaba-W (09988) is experiencing a decline of over 3% in stock price ahead of its upcoming quarterly earnings report, with expectations of mixed financial performance [1] Financial Performance - The company is projected to report a 5% year-on-year revenue growth for the quarter ending September, with adjusted profits expected to drop by 70% to 11 billion RMB [1] - Cloud business revenue is anticipated to accelerate with a year-on-year growth rate of 30%, while customer management revenue is expected to maintain a growth rate of over 10% [1] Investment Impact - The adjusted profit decline is attributed to significant investments in AI and instant retail, which are expected to negatively impact short-term profitability but strengthen long-term growth prospects [1] - The company is predicted to incur a loss of 5 billion RMB for the quarter, a significant increase from a loss of 1.4 billion RMB in the previous quarter, with losses in other business segments expected to remain at similar levels in the coming quarters [1] Specific Business Losses - The forecast for instant retail indicates an expected loss of 35 billion RMB for the upcoming quarter [1]